<?xml version='1.0' encoding='utf-8'?>
<section article="gca" article_name="Corporations and Associations" number="3-415" title_number="3" title_name="Corporations in General -- Extraordinary Actions" subtitle_number="4" subtitle_name="Dissolution">
  <level label="a">
    <text>In a proceeding for involuntary dissolution brought under § 3-413(c) of this subtitle on grounds of insolvency, the court may declare the corporation dissolved if the corporation is proved or has been determined by judicial proceedings to be unable to meet its debts as they mature in the usual course of its business.</text>
  </level>
  <level label="b">
    <text>If the court orders the corporation dissolved, the court shall direct that the corporation be liquidated under court supervision by one or more receivers appointed by it.</text>
  </level>
</section>
